Retail Lumbermen's Inter-Insurance Exchange.

The Retail Lumbermen’s Inter-Insurance Exchange began as the Retail Lumbermen’s Mutual Insurance Association in 1894. It dropped mutual insurance in 1917, switching to reciprocal insurance. Lumbering concerns of the Midwest subscribed to the Exchange to decrease the cost of a single fire and tornado insurance policy by dividing the claims payments among the entire Exchange for any given year.

Beginning in 1917, Oscar D. Hauschild (via his firm, O. D. Hauschild, Inc.) served as attorney in fact for the Exchange. Invested with power of attorney, Hauschild conducted financial business and attended to legal matters on behalf of the Exchange. O.D. Hauschild, Inc. merged with Lumber Mutual Insurance Company of Massachusetts in 1987.

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